Answer: option A
Explanation: Price elasticity can be defined as the relative change in the quantity demanded for goods or services with respect to change in price. There are several factors affecting price elasticity and one of them is the the nature of that good or service , that is, whether it is necessity or a luxury.
Consumers demand with respect to necessary goods do not change much when price rises as compared to luxury goods as necessary goods like daily bread and medicines are essential for life.
In above two options amputation procedure is a necessity whereas yacht is a luxury.
Granting access to a user based upon how high up he is in an organization violates "the principle of least privileges."
As the principle of least privileges states that a person should be given only those privileges that are needed or are necessary to perform a specific job or task and nothing more.
The principle of least privileges states that you assign users the minimum set of privileges which they require to do their jobs, according to their roles.
The principle of least privilege prevents the spread of malware on your network. An administrator or superuser with access to a lot of other network resources and infrastructure could potentially end up spreading malware to all those other systems which he gets access to.
Hence, if the organization grants access to a user based upon how high up he is then the organization violates the principle of least privileges.
To learn more about the least privileges here:
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Answer:
C. Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.
Explanation:
The liabilities are the responsibility with regard to the amount that is borrowed by someone from any other person or financial institution. It is a responsibility of a person to return the borrowed amount within the prescribed time along with the interest. Its time period is more than one year
Based on the given options, the option A, B and D are correct but option D is not correct as they have the specified date
Hence, the option C is correct
Answer:
average total cost per unit is not at its lowest possible cost
Explanation:
A monopolistic competition is defined as such a market where many different firms or companies sells various differentiated products. Here the firm has some control on the price of the product. It is a market structure of considerably no price competition.
The monopolistic firms are not productive enough because the output is very less than the optimum level of the society as the average total cost of the producer per unit is not at the lowest possible cost.
Answer:
The $600 which is the meal contract must be included in gross income
Explanation:
Robin's gross income from this employment is that the $600 which is the meal contract must be included in gross income reason been that
Robin had receive meals in which the meals were not been provided for the convenience of the employer which means the value of the meals had to be included in gross income.
